US Energy Information Administration

With a reported 3.9-percent unemployment rate, April became one of six months in nearly 40 years when the figure fell below 4 percent. Before that, less than one-third of the months between 1948 and January 1970 saw lower or equivalent rates, according to the Bureau of Labor Statistics. The...

Oil prices have taken a beating over the past year, as a global supply glut and no signs of increasing demand have weighed on the entire industry. U.S. shale oil producers were feeling the squeeze, as their margins declined significantly alongside the price of crude. However, it appears that the...

To say the energy space has been volatile this year may be a colossal understatement. Crude oil, natural gas and energy-related stocks have experienced wild swings in both directions that include setting new 52-week lows.  This choppy price action has led to speculative trading and...

Brent crude oil nursed losses on as it headed towards $108.50 on Wednesday morning. The commodity traded at $108.67 at 6:20 GMT after US crude fell by almost $1.00. Reuters reported that a poll of analysts showed most expect that US crude stockpiles increased by 2.4 million barrels last week...

Brent crude oil was trading steadily at $110.97 at 5:30 GMT on Wednesday morning after choppy trading on Tuesday took the commodity lower. Oil prices have fallen under pressure recently as investors suss out the agreement between Western diplomats and Iranian leaders. Although meetings between...

Iran Deal The Canadian Dollar traded at a four-month low against the US Dollar on Monday after a historic deal limiting Iran’s nuclear program was announced on Sunday. The agreement, reached in Geneva between six world powers and Iran, commits Iran to restrain its nuclear activities in...

While it’s not likely Olympic sized crowds will chant in response to the news, the US Energy Information Administration said Friday that the U.S. could become the world’s largest single producer of oil and natural gas this year. This flies in the face of much conventional wisdom that most of...

Oil prices continued to fall on Wednesday as the US government remained shut down for a second day. The halt has forced nearly one million government workers to take unpaid leave and will likely reduce the number one oil consuming nation's appetite for crude. Brent crude oil traded at $107.58 at...